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Hinduja Group gets approval for increasing stake in IndusInd Bank

IIFL Securities 03 Feb 2023
The Reserve Bank of India (RBI) has given IndusInd International Holdings Ltd, a ... As per the sources, the Hinduja Group will invest more than $1 billion in the lender ... 'Hinduja Group may need to invest Rs10,000-11,000 crore ($1.2-1.3 billion) to increase its stake in the bank.
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Opposition chalks out strategy to corner govt over Adani: 10 points

Live Mint 03 Feb 2023
We demand a JPC and a Supreme Court-monitored probe to investigate the entire matter and the government's involvement in this massive scam,' Congress' KC Venugopal said on Twitter.He claimed that the LIC has 'invested a total of ₹36,474.78 crore' in Adani Group, whereas Indian ...
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RBI gauges banks' exposure to Adani companies

The Times of India 03 Feb 2023
"The central bank has asked all lenders to submit exposure data related to the Adani Group," a senior banker in the know said ... Separately, foreign banks have funded large acquisitions made by the group ... Some banks also have investments in debt securities issued by the group, but that is only a small part of the overall exposure, one of them said.
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RBI OKs Hinduja hiking IndusInd Bank stake

The Times of India 03 Feb 2023
Group entity, to raise its stake in IndusInd Bank ... This will result in the Hinduja Group investing over $1 billion in the lender, one of the persons said ... "To increase stake in the bank, Hinduja Group may need to infuse ₹10,000-11,000 crore ($1.2-1.3 billion) ... The Hinduja Group, IndusInd Bank and the RBI did not respond to queries.
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Adani Group row: Congress to stage nationwide protest in front of LIC offices & SBI ...

India TV 03 Feb 2023
Upping the ante over the Adani Group crisis, the Congress party has decided to hold nationwide protests in front of Life Insurance Corporation (LIC) Offices and State Bank of India (SBI) branches in all districts on February 6 ... The rout has also threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.
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Adani stock rout: Opposition parties to meet in Parliament to evolve strategy

The Telegraph India 03 Feb 2023
Only an independent investigation will save LIC, SBI and other institutions forced by the Prime Minister to invest in the Adani Group," he said ... The rout in Adani group stocks has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.
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Adani market losses top $100 bn in 6 days

Financial Express 03 Feb 2023
Earlier, Switzerland-based investment bank Credit Suisse stopped accepting bonds of Adani Group as collateral for margin loans to its private banking clients ... The Reserve Bank of India (RBI) has sought details from banks ... Also ReadRBI seeks details of banks’ exposure to Adani Group.
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Govt doesn't want to discuss: Shashi Tharoor takes dig at Centre over Adani row

Live Mint 03 Feb 2023
... at the Gautam Adani-led group, which has denied the charges.The market losses of the Adani Group have risen to nearly ₹8.5 lakh crore.The rout in Adani group stocks has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.
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RBI seeks details from banks on exposure to Adani firms

Indian Express 02 Feb 2023
AS the market continued to hammer its stocks with the flagship Adani Enterprises dipping another 26.50% and over $100 billion shaved off the group\u2019s total market cap, the Reserve Bank of India (RBI) has sought details from banks about their exposure to the group ... Indian banks\u2019 exposure is less than 40 per cent of the total group debt.
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Adani storm hits Parliament as stock meltdown continues

Hindustan Times 02 Feb 2023
... Kharge were among the nine MPs who gave a notice to discuss the issue investment by the Life Insurance Corporation of India (LIC), other public sector banks, and financial institutions in companies losing market value, which was an unnamed reference to the Adani Group firms.
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India’s Adani’s losses swell above $100bn

Al Jazeera 02 Feb 2023
Adani stocks plunged, opposition politicians called for a wider probe and India’s central bank sprang into action to check on the exposure of banks to the group ... Market and investment group CLSA estimates Indian banks were exposed to about 40 percent of Adani Group’s $24.5bn debt in the fiscal year to March 2022.
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The $100bn market rout: That's the amount wiped off the value of Indian conglomerate Adani ...

The Daily Mail 02 Feb 2023
India’s central bank has asked local lenders about their links to the conglomerate, estimating banks were exposed to around 40 per cent of £20billion group debt ... Jo Johnson quits bank over Adani ... Boris Johnson's brother has quit as director of an investment bank over its connections to Adani Group ... DIY INVESTING PLATFORMS ... Easy investing.
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Adani Group crisis: Opposition parties up the ante, demand JPC or SC-monitored probe into Hindenburg report

India TV 02 Feb 2023
He further said that Opposition parties have given the suspension of Business Notice under rule 267 to discuss the issue of investment by LIC, Public Sector Banks and financial institutions in companies losing market value, putting the hard-earned money of crores of Indians in jeopardy.�"But our notices are rejected every time.
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Hindenburg row: Opposition demands JPC or SC-monitored probe into Adani Group companies

Financial Express 02 Feb 2023
People are losing crores of rupees by investing in LIC, SBI & other nationalised banks ... We have given the suspension of Business Notice under rule 267 to discuss the issue of investment by LIC, Public Sector Banks and financial institutions in companies losing market value, endangering the hard-earned money of crores of Indians.
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Congress seek JPC or SC-monitored probe into Adani Group crisis

Hindustan Times 02 Feb 2023
He said along with him eight other opposition MPs had given notices in the Rajya Sabha for a discussion on the Adani Group crisis and investment of PSUs such as Life Insurance Company (LIC) and SBI (State Bank of India) in the group companies ... “Adani’s risky investments in LIC, ...

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